Not a good week, not a buy week. The sum of all the deviations has been -319, -1345, and now -2463 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 00, 00, and now 00.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 26% below its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 21% below its 50 day moving average,
IWM (Russell 2000 ETF) is 34% below its 50 day moving average,
None are above their 200 day moving average.
The sum of the deviations is negative.
Not a time to buy – Sum of all deviations is not up 2 weeks in a row.
There are ETFs which go up as the market goes down.
SH is the inverse of SPY and is 27% above its 50 day average.
PSQ is the inverse of QQQ and is 19% above its 50 day average.
RWM is the inverse of IWM and is 37% above its 50 day average.
Another bad week, the numbers are even more negative. I think these are the worst numbers I’ve never seen.
If you are not listening to Macro Voices you are missing too much – macrovoices.com . You can even hear it of youtube. The current interview is with Jim Bianco, recorded on 18Mar. It really explains the current market actions and the virus impact. The date for the market bottoms now is 31May/01June.
IRA#1
STechnology has a price of 15.63, a sell price 21.22, a rank of 12, and is a sell.
IRA#2
SSemiconductors has a price of 9.32, a sell price 12.51, a rank of 54, and is a sell.
IRA#1 STechnology and IRA#2 Semiconductors finally can be sold since I’ve owned it 30 days.
My investment changes this weekend:
IRA #1 – Sell STechnology
IRA #2 – Sell SSemiconductors
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested
The top 20 (out of 100+ I follow) Fidelity funds (percent deviation, rank & weeks on top 20 list, fund symbol, fund price, fund name, and %dev increasing last 2 weeks).
-1.25 01-03 FNBGX 16.53 Long-Term Treasury Bond Index NO
-3.26 02-02 FUAMX 11.83 IntermediateTreasuryBondIndex NO
-10.68 03-04 FHKCX 32.73 ChinaRegion NO
-12.43 04-01 FGOVX 10.97 GovernmentIncome NO
-12.88 05-03 FPHAX 18.58 SPharmaceuticals NO
-13.89 06-01 FIGRX 36.36 InternationalDiscovery NO
-14.15 07-04 FSEAX 36.68 EmergingAsia NO
-15.38 08-32 FWRLX 8.82 SWireless NO
-15.52 09-01 FCVSX 25.06 ConvertibleSecurities NO
-15.69 10-01 FBIOX 16.95 SBiotechnology NO
-16.10 11-02 FPURX 18.46 Puritian NO
-16.13 12-43 FSPTX 15.63 STechnology NO
-16.43 13-40 FSCSX 15.92 SSoftware&ITServices NO
-16.85 14-03 FSPHX 22.10 SHealthCare NO
-17.55 15-09 FOCPX 9.92 OTCPortfolio NO
-17.78 16-01 FDCPX 63.18 SComputers NO
-17.86 17-12 FTRNX 83.47 Trend NO
-18.04 18-01 FCNTX 10.66 Contrafund NO
-18.10 19-01 FPBFX 26.14 PacificBasin NO
-18.47 20-03 FLGEX 16.63 LargeCapGrowthEnhancedIndex NO
Last Week
-1.73 01-03 FHKCX 36.21 ChinaRegion NO
-2.10 02-02 FSHCX 95.57 SHealthCareServices NO
-2.46 03-42 FSPTX 18.33 STechnology NO
-3.59 04-03 FSEAX 41.50 EmergingAsia NO
-4.01 05-02 FPHAX 20.61 SPharmaceuticals NO
-4.31 06-02 FNBGX 16.03 Long-Term Treasury Bond Index NO
-4.57 07-01 FUAMX 11.69 IntermediateTreasuryBondIndex NO
-5.23 08-39 FSCSX 18.21 SSoftware&ITServices NO
-5.50 09-11 FTRNX 96.93 Trend NO
-5.71 10-02 FFIDX 45.71 Fidelity NO
-6.14 11-02 FLGEX 19.33 LargeCapGrowthEnhancedIndex NO
-6.45 12-18 FOCPX 11.36 OTCPortfolio NO
-6.47 13-02 FSPHX 25.08 SHealthCare NO
-6.57 14-01 FDFFX 32.99 Independence NO
-6.63 15-01 FMAGX 9.21 Magellan NO
-6.88 16-01 FPURX 20.66 Puritian NO
-6.94 17-01 FTQGX 23.24 FocusedStock NO
-7.02 18-31 FWRLX 9.77 SWireless NO
-7.56 19-13 FNCMX 98.92 NasdaqCompositeIndex NO
-7.66 20-01 FBSOX 67.57 SITServices NO
IRA#1 is currently invested in:
100% – Cash(23Mar20) from STechnology(FSPTX)(18Feb20)
Nov19 1m+6% 3m-0% 6m+23% 12m+2%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – Cash(23Mar20) from SSemiconductors(FSELX)(18Feb20)
20% – Cash(03Feb20) from SHealthCareServices(09Dec19)
20% – Cash(03Feb20) from SComputers(16Dec19)
20% – Cash(02Mar20) from STechnology(21Jan20)
20% – Cash(02Mar20) from SWireless(21Oct19)
Nov19 1m+1% 3m+1% 6m+8% 12m+3%
Average annual return since 1/82 na%